Under CIF terms, the beneficiary of the insurance policy will be endorsed to the buyer. Once the claim is successful, the insurance company's foreign currency compensation will be directly deposited into the buyer's designated overseas company or personal account.
This is a common issue with sea transport. If the vehicle is parked at a humid dock, the EPB can easily rust to the brake disc. In addition to testing its release before shipping, we try to ask dock workers to secure the wheels with chocks instead of fully engaging the electronic parking brake.
No hidden fees. The total amount on the FOB/CIF invoice is the final amount. We rely on professional supply chain operations to earn a reasonable margin and do not allow any sales personnel to privately request kickbacks or service fees from you.
